Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
LSE arenprob in on the ACT to drive engagement. Online you have to paranoid AF. If facebook is allowed to advertise lies by politicians and fuel genocides in places like Myanmar with zero accountability, LSE can employ a few derampers be on cohoots with brokers and MM's just to drive volume.
Also water was mentioned I think - that never is a good thing to see in oil company's rns
Lamtree, enlighten me why you think it crashed? I don't follow that share.
Don't know about you, fellas, but I am getting a sea of green.
The MMs are really worried now. Probably flogging their interns to type faster.
Kray, are you one of them?
MMs want to close their shorts as cheap as possible. De-rampers not only deter new investors, they also try to get under your skin and play you on emotional level, make you forget the fundamentals and what's really going on.
MMs love themselves too much to do the posting - it's unpaid interns.
Do you really think that de-rampers are in the pay of the MM's - seems highly unlikely to me
No, it crashed because CEO quit.
I think there has been manipulation on this share, on the RNS before last the SP dropped before anyone had a chance to read the RNS. I bet if you looked at the sells at the time of the RNS, the SP drop would have been well ahead of any sells.
Once that initial drop happened, it probably caused an avalanche of stop loss sells further dropping the price.
Sad bunch that earn money of the back of others loosing money. Quite possible these goons are the MMs or close contacts of the MMs. The more they post the more I think our shares are worth holding on to...
But who would pay these clowns ? - no one pays for work that is totally shat do they ?
They set up new accounts faster than we can filter them. Relentless and something needs to be done by lse. We know they are paid and same group.
green box is he another Wayne Kerr by any chance
Immediate green box response! I must be right then.
The Good:
The honest LTH PIs who are intelligent enough to read RNSs and company accounts and form an opinion about the company’s value. Most LTH PIs would value EUA at well over 2.5p, 4p, or even 12p and by now are loaded up to their chuckies on EUA shares. Their sticky hands explain the absolute lack of sells over the last few days.
The problem PIs have is that their pockets are not very deep in the grand scheme of things. EUA is a tiny company that is well below most people’s radars, even after all the recent publicity, so current LTH PIs are not able to drive the price up at a faster rate than MMs are able to short.
The Ugly:
Most real day traders (the pros who actually make money on it) would have moved on to more volatile, high-volume shares by now. The wannabe day traders (the sheep, the herd, the stupid money) would have been burned during the pump & dump from 3 to 4p a couple weeks ago and don’t want anything to do with EUA. The irony is that collectively pumping cash into EUA shares might be the best play these gamblers can do, as MMs will have to buy back the same shares at higher prices once the fuses blow on their current shorts. But the sheep will only go where the sheepdogs let them go, even if it takes them away from the luscious green grass that EUA has to offer. The ugly will most likely buy into EUA after the next spike, losing more money while being shorted into. That’s unfortunate – we could really use their support.
The good news:
The time is on our side. Every day brings us closer to yet another good news RNS and brings more short-related costs to MMs (borrowing stock is not free). Currently, the SP seems to move mainly because of fluctuations in bid, as MMs desperately try to scare more people into selling. Hold on to your shares, focus on the facts and enjoy the ride!
A lot of people asking why the price is going down and imagining all sorts of reasons. Russian oligarchs, illuminati, NN building stakes in the company without filing TR1...
I think the answer to how we ended up in this Mexican standoff is a lot more straightforward.
The Bad:
We know that Market Makers make their money on volumes, regardless of whether the price is going up or down. The higher the volumes, the more they can skim on the spread between bid and ask. With EUA we see that the volumes are rapidly approaching zero, while the buy price is not moving up, regardless of multiple reports of buy attempts being directed to negotiated trades. Why are MMs not letting the price to go up, but rather employ every trick in the book (including deramping dummies) to get people to sell cheap? Even though at first glance, lower trade volumes are reducing their profits? The only answer that I can come up with is that MMs are sitting on a large net short position and their sphincters are twitching violently at the mere thought of the price going up. “But there are no short positions lodged with the FCA” you might say. Well, according to the EU shorting regulations, MMs don’t have to disclose their shorts. Yes, you can read that again – MMs do not have to disclose their shorts if they apply for exemption under Article 17 of the short selling regulations.
Most likely, MMs had to borrow large amounts of shares during the active trading over the last few weeks to provide liquidity and are now forcing the price down to reduce their shorting losses.
The problem the MMs have is that nobody in their right mind is willing to sell EUA shares at 2.5p. Any sells you see are probably more shorts by the MMs.